Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Malagasy Ariary/Euro (FOREX:MGAEUR)
Crossroads (-60) - MGAEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MGAEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGAEUR
The long-term trend has been DOWN since May 2nd, 2021 at 0.00021759
The intermediate-term trend has been UP since Oct 11th, 2021 at 0.00021556
The short-term trend has been UP since Oct 11th, 2021 at 0.00021556
Smart Scan Analysis for MGAEUR
Based on our trend formula, MGAEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).